I am sure Cut-Throat will have input on this one
Neither of my wives showed much interest in finances,
leaving it to me. Actually my first wife showed great
talent for making money disappear, but I digress.
Now, I am uncertain if my wives were deferring to my great
talents, my control freak tendencies, or maybe they
just didn't give a damn. Anyway, here is how we are
set up now (2nd marriage for both of us)................
We have a pretty standard prenup. My wife suggested
it, probably because she knew I would insist on it
anyway. That was over 3 years ago and all finances
remain separate. She covers specific common costs
and I pick up everything else. When she retires
(no idea when that will be), we will live on my money
and SS. At that point I will reassume complete
oversight on financial stuff. In the meantime, I am going to try to rewrite my will/trust to assure my spouse's security in the event of my demise. I think
she should retire coincident with my SS kicking in.
But, as I have posted before, we are not able to do
any meaningful mutual financial planning. I like the
present set up though, except would also like to get my spouse
to cut back on her schedule (she does not like her work).
Okay, anyone else dealing with this stuff?